Sanford C. Bernstein Lowers Telstra (OTCMKTS:TLSYY) to Market Perform

Sanford C. Bernstein downgraded shares of Telstra (OTCMKTS:TLSYY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, The Fly reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Telstra from a hold rating to a sell rating in a report on Tuesday, August 20th. UBS Group cut Telstra from a buy rating to a neutral rating in a report on Monday, July 1st.

Shares of TLSYY stock opened at $12.47 on Wednesday. The business’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $12.34. Telstra has a one year low of $9.52 and a one year high of $13.67. The stock has a market capitalization of $29.71 billion, a PE ratio of 10.75, a PEG ratio of 4.82 and a beta of 0.75.

About Telstra

Telstra Corporation Limited, together with its subsidiaries, provides telecommunications and information services to businesses, governments, communities, and individuals in Australia and internationally. It operates in four segments: Telstra Consumer and Small Business, Telstra Enterprise, Telstra Operations, and Telstra Wholesale.

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